C&C Group (LON:CCR) Stock Price Down 19.1% – Time to Sell?

C&C Group plc (LON:CCR) shares traded down 19.1% during trading on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 119.60 ($1.55). 20,243,430 shares were traded during trading, an increase of 1,005% from the average session volume of 1,831,392 shares. The stock had previously closed at GBX 147.80 ($1.92).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a report on Thursday, December 12th.

C&C Group Stock Down 19.8 %

The stock has a market capitalization of £537.99 million, a P/E ratio of -4.96, a PEG ratio of 5.61 and a beta of 1.26. The business has a 50-day simple moving average of GBX 146.76 and a two-hundred day simple moving average of GBX 150.64. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insider Transactions at C&C Group

In other C&C Group news, insider Ralph Findlay purchased 66,183 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Also, insider Angela Bromfield acquired 13,439 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). 3.38% of the stock is owned by insiders.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.